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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating Activities    
Net income (loss) $ 11,419,000 $ (4,858,000)
Adjusted for the following items:    
Depreciation 36,512,000 33,530,000
Income (loss) from investment in associates (59,000) 12,931,000
Materials and supplies inventory provision 1,401,000 0
Share-based compensation 5,111,000 1,415,000
Interest and accretion 29,156,000 28,288,000
Revaluation of investment in Denarius 10,559,000 0
Loss (gain) on financial instruments 13,078,000 (13,120,000)
Loss (gain) on gold in trust (30,000) 0
Amortization of deferred revenue (3,930,000) (828,000)
Unrealized foreign exchange loss (gain) 15,523,000 (1,939,000)
Change in provisions 58,000 (1,097,000)
Income tax expense 47,407,000 62,586,000
Revaluation of Aris Gold to acquisition price 0 31,050,000
Loss on derecognition of assets 0 1,311,000
Payment of PSUs (47,000) 0
Settlement of provisions (780,000) 0
Increase in cash in trust (327,000) (42,000)
Changes in non-cash operating working capital items (7,919,000) (21,599,000)
Operating cash flows before taxes 157,132,000 127,628,000
Income taxes paid (52,433,000) (50,716,000)
Net cash provided by operating activities 104,699,000 76,912,000
Investing Activities    
Additions to mining interests, plant and equipment (net) (113,716,000) (115,007,000)
Purchase of interests in investments accounted for using the equity method (5,105,000) (1,266,000)
Increase in cash acquired with Aris Gold Transaction 0 95,126,000
Interest received on Aris Gold Convertible Debenture 0 335,000
Aris Gold note redemption payment 0 688,000
Interest paid (6,732,000) (1,409,000)
Sale of gold bullion 0 4,621,000
Net cash used in investing activities (180,278,000) (54,537,000)
Financing Activities    
Repayment of Gold Notes (7,388,000) (1,847,000)
Payment of lease obligations (2,982,000) (3,051,000)
Interest paid (25,145,000) (21,964,000)
Proceeds from exercises of stock options and warrants 2,956,000 988,000
Increase in gold trust account (769,000) 0
Repurchase of shares 0 (3,093,000)
Payment of dividends on common shares 0 (10,351,000)
Net cash used in financing activities (33,328,000) (39,318,000)
Impact of foreign exchange rate changes on cash and equivalents 4,068,000 (7,161,000)
Increase (decrease) in cash and cash equivalents (104,839,000) (24,104,000)
Cash and cash equivalents, beginning of period 299,461,000 323,565,000
Cash and cash equivalents, end of period 194,622,000 299,461,000
Soto Norte    
Investing Activities    
Purchase of interests in investments accounted for using the equity method (50,000,000) 0
Financing Activities    
Interest paid (3,750,000)  
Denarius    
Adjusted for the following items:    
Income (loss) from investment in associates   0
Investing Activities    
Purchase of interests in investments accounted for using the equity method (1,122,000) (2,625,000)
Purchase of debenture 3,603,000 0
Aris Gold    
Investing Activities    
Purchase of debenture $ 0 $ 35,000,000